Evening On-Chain Recap: Whales Show Significant Activity, Divergence Over Whether Consolidation Will Continue
TL;DR
Whales show mixed activity with bullish moves in PEPE and BTC, while others short ETH and BTC, indicating market divergence on consolidation.
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According to Hyperinsight monitoring, the following are the movements of popular whale that made new portfolio adjustments between 10:00 and 20:00 today:
Bullish camp:
James Wynn, a well-known "bankrupt whale," long on PEPE and opened a new long position in BTC with 40x leverage, bringing his total holdings to $5.06 million.
After closing out its long positions in ETH and incurring a loss of approximately $470,000, a whale turned to long positions in PEPE, holding $12.8 million and becoming the largest long position in PEPE on the blockchain.
Short sellers:
A major swing whale,"pension-usdt.eth", entered the market to short ETH, with an average entry price of $3142.76.
The Paradigm-linked address unstaking 16,000 ETH and transferred them all to Coinbase.
A whale increased its short positions in BTC and ETH, bringing its total holdings to $109 million.